Howard Hughes Corp (HHC) Holdings Lifted by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. raised its holdings in shares of Howard Hughes Corp (NYSE:HHC) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,780 shares of the financial services provider’s stock after buying an additional 422 shares during the period. UBS Asset Management Americas Inc.’s holdings in Howard Hughes were worth $3,909,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in HHC. Jennison Associates LLC boosted its position in shares of Howard Hughes by 18.8% during the fourth quarter. Jennison Associates LLC now owns 743,602 shares of the financial services provider’s stock valued at $97,613,000 after buying an additional 117,647 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Howard Hughes by 45.3% during the third quarter. Epoch Investment Partners Inc. now owns 337,229 shares of the financial services provider’s stock valued at $39,770,000 after buying an additional 105,208 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Howard Hughes by 111.3% during the third quarter. JPMorgan Chase & Co. now owns 195,176 shares of the financial services provider’s stock valued at $22,921,000 after buying an additional 102,794 shares during the period. Schroder Investment Management Group boosted its position in shares of Howard Hughes by 54.2% during the third quarter. Schroder Investment Management Group now owns 252,171 shares of the financial services provider’s stock valued at $29,615,000 after buying an additional 88,667 shares during the period. Finally, PenderFund Capital Management Ltd. purchased a new position in shares of Howard Hughes during the fourth quarter valued at approximately $8,677,000. Institutional investors and hedge funds own 83.89% of the company’s stock.
Howard Hughes Corp (NYSE:HHC) opened at $137.43 on Wednesday. Howard Hughes Corp has a 12-month low of $113.64 and a 12-month high of $139.50. The stock has a market capitalization of $5,980.38, a P/E ratio of 80.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04.
In other news, Director Pershing Square Capital Manage sold 2,500,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $127.86, for a total transaction of $319,650,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.70% of the company’s stock.
HHC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Howard Hughes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Sandler O’Neill set a $140.00 target price on Howard Hughes and gave the company a “hold” rating in a research report on Thursday, March 8th.
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Howard Hughes Company Profile
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.
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